Examining the Factors Affecting Exports Performance: Empirical Evidence from Finland
The present research is an effort to diagnose the exigent determinants of exports in Finland by using time series data from 1993-2020. The study employs a vector-error correction model (VECM) by using Johansen technique for co-integration. The empirical findings of the co-integration indicate the e...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Shaheed Zulfikar Ali Bhutto Institute of Science and Technology
2022-12-01
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| Series: | JISR Management and Social Sciences & Economics |
| Subjects: | |
| Online Access: | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/500 |
| _version_ | 1797846626452111360 |
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| author | Hafiz Asim Adnan Ali Shahzad Bilal Nafees Muhammad Faraz Mubarak |
| author_facet | Hafiz Asim Adnan Ali Shahzad Bilal Nafees Muhammad Faraz Mubarak |
| author_sort | Hafiz Asim |
| collection | DOAJ |
| description |
The present research is an effort to diagnose the exigent determinants of exports in Finland by using time series data from 1993-2020. The study employs a vector-error correction model (VECM) by using Johansen technique for co-integration. The empirical findings of the co-integration indicate the existence of a significant relationship between exports and its various determinants in the long run. The results of VECM revealed that exchange rate and remittances are significant and positive determinants of Finland’s exports in the long run. In the meanwhile, the impact of the exchange rate and remittances is significant but negative on the exports of Finland in the short run. On the other hand, industrial growth and corruption are incorporated in the model as exogenous factors in the short-run dynamics. The impact of industrial growth is positive and significant on the export's performance while corruption is negatively affecting the exports of the Finnish economy. The study suggests a conducive and stable exchange rate policy and control of corruption to encourage exports.
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| first_indexed | 2024-04-09T17:59:06Z |
| format | Article |
| id | doaj.art-7977de592744410086fb88405de9847b |
| institution | Directory Open Access Journal |
| issn | 2616-7476 1998-4162 |
| language | English |
| last_indexed | 2024-04-09T17:59:06Z |
| publishDate | 2022-12-01 |
| publisher | Shaheed Zulfikar Ali Bhutto Institute of Science and Technology |
| record_format | Article |
| series | JISR Management and Social Sciences & Economics |
| spelling | doaj.art-7977de592744410086fb88405de9847b2023-04-14T10:28:52ZengShaheed Zulfikar Ali Bhutto Institute of Science and TechnologyJISR Management and Social Sciences & Economics2616-74761998-41622022-12-0120210.31384/jisrmsse/2022.20.2.5Examining the Factors Affecting Exports Performance: Empirical Evidence from FinlandHafiz Asim0Adnan Ali Shahzad1Bilal Nafees2Muhammad Faraz Mubarak3Department of Economics, University of Management and Technology, Lahore, PakistanDepartment of Economics, Division of Management and Administrative Sciences, University of Education, Lower Mall Campus, LahoreUE Business School, Division of Management and Administrative Sciences, University of Education, Lahore, PakistanKaunau University of Technology, Lithuania The present research is an effort to diagnose the exigent determinants of exports in Finland by using time series data from 1993-2020. The study employs a vector-error correction model (VECM) by using Johansen technique for co-integration. The empirical findings of the co-integration indicate the existence of a significant relationship between exports and its various determinants in the long run. The results of VECM revealed that exchange rate and remittances are significant and positive determinants of Finland’s exports in the long run. In the meanwhile, the impact of the exchange rate and remittances is significant but negative on the exports of Finland in the short run. On the other hand, industrial growth and corruption are incorporated in the model as exogenous factors in the short-run dynamics. The impact of industrial growth is positive and significant on the export's performance while corruption is negatively affecting the exports of the Finnish economy. The study suggests a conducive and stable exchange rate policy and control of corruption to encourage exports. https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/500ExportsFinlandIndustrial GrowthCorruption |
| spellingShingle | Hafiz Asim Adnan Ali Shahzad Bilal Nafees Muhammad Faraz Mubarak Examining the Factors Affecting Exports Performance: Empirical Evidence from Finland JISR Management and Social Sciences & Economics Exports Finland Industrial Growth Corruption |
| title | Examining the Factors Affecting Exports Performance: Empirical Evidence from Finland |
| title_full | Examining the Factors Affecting Exports Performance: Empirical Evidence from Finland |
| title_fullStr | Examining the Factors Affecting Exports Performance: Empirical Evidence from Finland |
| title_full_unstemmed | Examining the Factors Affecting Exports Performance: Empirical Evidence from Finland |
| title_short | Examining the Factors Affecting Exports Performance: Empirical Evidence from Finland |
| title_sort | examining the factors affecting exports performance empirical evidence from finland |
| topic | Exports Finland Industrial Growth Corruption |
| url | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/500 |
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